The U.S. Bitcoin mining industry has generated over 31,000 jobs and contributed more than $4.1 billion in gross product annually. According to a report by The Perryman Group, most of the industry is concentrated in twelve states, with Texas being the largest contributor. Economic and Social Benefits The study shows that Bitcoin mining in Texas generates…
Core Foundation, the creator of a yield-bearing bitcoin token, has partnered with institutional lending protocol Maple Finance and custody firms BitGo, Copper and Hex Trust to push deep into the BTC staking sector. Core’s IstBTC token lets institutional participants earn yield on bitcoin holdings while staying safely inside trusted custodial partners without the need to…
Digital asset investment products have suffered their first significant outflows of 2025, signaling a shift in investor sentiment. According to CoinShares, investors pulled $415 million from these products last week, marking a sharp reversal from the consistent inflows since the US elections in November 2024. The Feb. 17 report noted that the products attracted $24.9…
The demand for XRP exceeds that of other crypto on US-based exchanges, with trading volumes surging significantly since November, according to a recent Kaiko report. The report highlighted XRP growth in trading activity using Coinbase’s latest earnings report. For the first time in recent history, XRP contributed more to the exchange’s trading-based revenue than Ethereum…
Binance founder and former CEO Changpeng ‘CZ’ Zhao denied speculation that the crypto exchange is looking for a buyer but acknowledged that the company may consider selling a minority stake to investors in the future. CZ addressed the rumors in a social media post on Feb. 17 after speculators suggested the exchange was offloading assets…
Solana DEX’s trading volume dropped to $2.61 billion on February 16, continuing its downward trajectory and reaching its lowest level since mid-December. While Raydium’s volume plunged by over 45% and Orca’s fell by nearly 30% in the past week, Meteora bucked the trend with an 18% increase. According to the data compiled by DeFiLlama, Solana’s…
Standard Chartered’s Hong Kong arm (SCBHK), in collaboration with Animoca Brands and telecom firm HKT, announced a joint venture to launch a Hong Kong dollar-backed stablecoin. According to a Feb. 17 statement, the initiative is pending regulatory approval from the Hong Kong Monetary Authority (HKMA). Since July 2024, SCBHK, Animoca Brands, and HKT have actively…
Institutional investors held 25.4% of the assets under management (AUM) of spot Bitcoin (BTC) exchange-traded funds (ETFs) as of Dec. 31 — totaling $26.8 billion. K33 Research head of research Vetle Lunde shared that the percentage of Bitcoin ETF AUM held by institutions grew 113% between the third and fourth quarters of 2024. Additionally, the AUM…
Bitcoin rewards just got easier with BTC Bull Token – a military-themed meme coin that’s already raised over $2 million in its presale. This coin dishes out real Bitcoin airdrops whenever BTC hits certain price milestones. Early BTC Bull Token (BTCBULL) investors believe this use case could be the key to long-term success. BTC Bull Token…
Best Wallet is making its mark in early 2025. The project’s presale just topped $10 million, driven by the team’s goal to become the world’s top cross-chain crypto wallet. Could Best Wallet (BEST) be the next DeFi token to take off? Best Wallet Token Presale Hits $10M as Staking APYs Reach 162% Crypto wallets might be…